Agrokoncernas, a business group owned by Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union, has pledged to stop buying fertilizers from Russia company Minudobreniya as its key shareholder Arkady Rotenberg is subject to international sanctions. Agrokoncernas imports fertilizers from Minudobreniya via an intermediary in Dubai, although the company does not disclose, which…

The United States private sector companies and the United States government look forward to relationship with Ukraine through the development of an energy infrastructure, U.S. Secretary of Energy Rick Perry stated. “Our goal now is to relay to the Ukrainian leadership that there are both the United States private sector companies and the United States…

Ukraine’s State Food Safety and Consumer Protection Service and the relevant authority of the Republic of Serbia have agreed on issuing a veterinary certificate for the imports of eggs and egg products from Ukraine. “Ukraine’s State Food Safety and Consumer Protection Service and the competent authority of the Republic of Serbia have agreed veterinary certificates…

According to Statistics Estonia, in September exports and imports of goods increased by 11% each compared to September of the previous year. An increase in the trade of mineral products such fuel additives and motor spirits contributed the most. Exports from Estonia amounted to EUR 1.2 billion, and imports to EUR 1.3 billion at current…

The number of trains running through Kazakhstan by the longest freight-carrying railway between China and Europe (Yiwu-Madrid, Yixinou) in 2018 grew by 80%. “More than 90% of Yixinou’s trains, which is the longest freight-carrying railway between China and Europe, run through Kazakhstan, via Alashankou and Horgos gates. About 10% of Yixinou trains pass through Manzhouli,…

Azerbaijan’s second Wine House in China has opened in Shanghai, Azerbaijan’s Economy Ministry said in a message. Azerbaijan’s Wine House located in Shanghai Waigaoqiao Free Trade Zone, which is the International Trading Operation Center (ITOC) of Shanghai, will host exhibitions, wholesale and retail sales, as well as product tasting. In Azerbaijan’s Wine House, there are…

In January-September the passenger traffic through the airports of Ukraine grew by 23.9% YoY, to 15.6 million people. “During the first nine months the passenger traffic through the airports of Ukraine grew by 23.9% and totaled almost 15.6 million people,” the Ministry of Infrastructure of Ukraine reports. As noted, there was a significant increase in…

Ukraine’s Roshen Confectionery Corporation says that its sweets reportedly sold in stores located in the Russia-occupied territories, namely in Donetsk and Luhansk regions, as well as in Crimea, could have been smuggled. “We don’t have reliable information about the origin of those sweets there, but we don’t rule out our products could have been sold…

In 2019 income of the population of Azerbaijan will increase by 9%, reaching 54.4 billion manats, which is a positive indicator, the Deputy Minister of Labor and Social Protection of the Population Idris Isayev said on November 8 at the meeting of the parliamentary committee on labor and social policy. He said next year the…

It is planned to construct 30 sports facilities in Zhambyl region within three years. “As of today, for residents of the region to regularly do physical exercises and sports there are 1,605 available sports facilities, including 517 in Taraz and 1,088 in districts,” said governor of Zhambyl region Askar Myrzakhmetov. According to the head of…

Inflation this year will exceed 3%, but is expected to slow next year as a result of slowing energy price increases as well as the fact that excise duties on alcohol likely won’t increase further, senior analyst at Swedbank, Liis Elmik said. “Energy has been the biggest contributor to rising prices. The price of petrol…

Inflation in Ukraine will slow down next year to a single-digit figure, for the first time since 2013, according to a Reuters survey. This will happen thanks to a tight monetary and prudent fiscal policy that meets the requirements of the International Monetary Fund, that’s according to the polled experts, Reuters wrote. According to a…

In January-August Ukraine exported slightly over 100 thousand tons of grains, oilseeds and peas with indication of their organic origin, declared the analyst at APK-Inform Agency, Tatyana Druz during her report within frames of the conference “Fat-and-Oil Industry – 2018” in Kyiv. In accordance with the observed shipment dynamics, in the whole calendar year the…

Pakistan is ready to supply the Azerbaijani army with the necessary products of the defense industry, the Federal Defense Production Minister of Pakistan Zubaida Jalal Khan announced at a meeting with Azerbaijani Ambassador to Pakistan Ali Alizade, the Embassy said in a message. During the meeting, the parties expressed satisfaction with the cooperation between Azerbaijan…

Japan’s only wine master Kenichi Ohashi is visiting Georgia with wine importers, sommeliers and a group of journalists in order to explore ways of increasing Georgian wine imports to Japan. The Japanese guests will visit over 20 wine enterprises and cellars in Georgia’s Kakheti, Kartli and Imereti regions. On the first day of his visit…

Proposed changes of the Ship Flag and Ship Registers Act as well as the Income Tax Act aim to bring up to 300 large cargo vessels under the Estonian flag over the next seven years. There is currently not a single large freighter sailing under the Estonian flag, the last one having been unregistered after…

The National Bank of Ukraine (NBU) has revoked banking and general licenses for foreign exchange operations of JSC BM Bank, the central bank’s press service reports. “The National Bank of Ukraine by the Board’s decision dated November 6, 2017, No.749-rsh, revoked the banking and general licenses for foreign exchange operations from JSC BM Bank and…

Ukrainian sugar refineries have produced 1.03 million tons of sugar since August 30, when the current sugar production season began with the launch of a sugar refinery in Tomashpil, Vinnytsia region. “As of November 5, some 1.03 million tons of sugar had been produced and 7.9 million tons of sugar beets had been processed,” the…

An agreement has been reached between Farma-Shah LLC (Azerbaijan) and a Turkish company on the export of Azerbaijani tea to Turkey, the Ministry of Economy said in a statement on November 6. Also, the negotiations on the export of raw materials used as an additive in cement production have been held between Nakhchivan Cement Plant…

The first plant in Central Asia, on the basis of which the industrial production of frozen French fries and potato flakes will be launched in November, has been built in Uzbekistan. The production capacity of the plant will be up to 20,000 tons of finished products per year. Work on the project has been going…

It is necessary to increase electricity tariffs in Kyrgyzstan, the Minister of Economy of Kyrgyzstan Oleg Pankratov said at a government meeting on November 6. According to him, the power industry is working at the limit of opportunities, and new industrial enterprises cannot be connected to the networks due to the overload of substations. “We…

Gabriel Paun, the founder of the Agent Green Association (Romania), says lab results confirm that 48% of the soybean cultivated in the tested areas across Ukraine is genetically modified. “We’ve chosen six key regions in Ukraine, which are altogether producing more than half of Ukraine’s soy. And from each region we took ten samples from…

According to the results of the first 9 months of 2018, bank’s operating income amounted to 4 billion UAH, up almost 2-fold YoY. Net interest income before provisions amounted to 2.96 billion UAH, whereas net commission income amounted to 1.19 billion UAH. Bank’s equity amounted to 6 billion UAH. According to the results of the…

Electric cars will be exempt from value-added tax (VAT) in Armenia if they are not re-exported within a year after the day of the import, when amendments to the existing tax code are approved. The vehicles, according to the proposed changes, cannot be exported to the countries of the Eurasian Economic Union (EAEU). If approved,…

Georgia exported about 68.3 million bottles of wine to 53 countries in the first 10 months of 2018, announces the Georgian National Wine Agency. In January-October Georgia generated $162 million from the sale of wine abroad. Revenue increased by 20% YoY, while the volume of exports grew by 12%, said the Georgian National Wine Agency.…

Lithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…

Turkey and Ukraine agreed to have signed the free trade agreement by the year’s end. “At the 7th meeting of the strategic council we decided to have completed the work on signing of the free trade agreement by the year’s end. We believe that we will be able to achieve our goal – balance of…